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Dangote,NNPCL,Total, 247 firms dump discos, generate 6,500MW

14.01.2025
•Operators blame poor supply for move •FG laments exit from national grid As the country battles incessant blackouts, about 250 manufacturers and academic institutions have abandoned their respective power distribution companies to generate their own electricity. The organisations, many of whom are bulk electricity users, shunned the national grid to generate reliable electricity for themselves....
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Fuel prices may rise as crude nears $80/barrel

14.01.2025
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined petroleum products. On Sunday, the price of Brent reached $79.76 per barrel. The rise in the cost of...
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SAHCO sacks staff for extortion at Lagos airport

14.01.2025
The Skyway Aviation Handling Company has sacked a member of its staff, (name withheld), who was accused of passenger extortion and harassment at the Murtala Muhammed International Airport, Lagos. The PUNCH gathered that the sacked staff member, together with some other airport workers, allegedly extorted N100,000 from a traveller to South Africa last month. He...
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MDAs remitted N7bn VAT in two months – Report

14.01.2025
Ministries, Departments, and Agencies of the Federal Government remitted a total of N7.04bn in Value Added Tax to the Federal Inland Revenue Service in October and November 2024. This is according to data sourced from BudgIT’s accountability platform – GovSpend, by our correspondent on Monday. The breakdown of this amount showed N4.13bn in October and...
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LIRS warns against incomplete documentation

14.01.2025
The Lagos State Internal Revenue Service has called on employers of labour in the state to ensure that all the required details are included when filing their annual tax returns. This word of caution was shared by Abideen Akande, the special adviser to the executive chairman of LIRS, during an exclusive interview with The PUNCH...
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TotalEnergies projects N2.41bn profit in Q1

14.01.2025
TotalEnergies Marketing Nigeria Plc has projected a profit of N2.41bn for the first quarter of 2025. This was disclosed in its forecasted statement of profit or loss and other comprehensive income, which was filed on the Nigeria Exchange Limited on Monday. The oil and gas company anticipates a gross profit of N35.47bn after accounting for...
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FG unveils two savings bonds

14.01.2025
The Federal Government of Nigeria, through the Debt Management Office, has announced the launch of two of its Savings Bonds, offering interest rates of 17.23 per cent per annum for the two-year bond maturing in January 2027 and 18.23 per cent per annum for the 3-year bond maturing in January 2028. The subscription for the...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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